Clicca qui per scaricare

Tommaso Padoa-Schioppa: Macroeconomic and Monetary Thought, and Policy-making at the European Commission
Titolo Rivista: HISTORY OF ECONOMIC THOUGHT AND POLICY 
Autori/Curatori: Ivo Maes 
Anno di pubblicazione:  2013 Fascicolo: Lingua: Inglese 
Numero pagine:  23 P. 21-43 Dimensione file:  286 KB
DOI:  10.3280/SPE2013-002002
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più:  clicca qui   qui 


Tommaso Padoa-Schioppa was one of the great architects of the euro. He is remembered in particular as co-rapporteur for the Delors Committee and as a founding member of the European Central Bank’s Executive Board. For Padoa-Schioppa, becoming Director-General of the European Commission’s DG II (from 1979 to 1983), was a defining moment in his career and life. This period is the main focus of this paper. At the Commission, Padoa- Schioppa’s main priority was the European Monetary System, which was launched in March 1979. He was closely involved in several projects to strengthen the EMS, to improve economic policy convergence and develop the position of the ECU. The other main objective for Padoa-Schioppa was the strengthening of DG II’s analytical capacity, especially its model-building capacity and its links with the academic world. As such, he played a crucial role in the professionalization of economics at the Commission and in preparing DG II for the important role it would play in the EMU process. This also shows that, for assessing the legacy of an economist, it is not only important to look at his own writings and contributions, but also how he shapes the institutions in which he participates.


Keywords: Padoa-Schioppa, EMS, EMU, Economic governance, European Commission
Jel Code: A11, B20, E60, F02, N14, P16

  1. Archives: National Bank of Belgium (NBBA).
  2. Asso P.F. (ed.)(2007). Franco Modigliani. L’impegno civile di un economista, Scritti editi e inediti sull’economia e la società italiana, Siena, Fondazione Monte dei Paschi di Siena.
  3. Backhouse R. and A. Salanti (eds.)(2000). Macroeconomics and the Real World - Volume 2: Keynesian Economics, Unemployment and Policy, Oxford, Oxford University Press.
  4. Badel L. and E. Bussière (2011). Françols-Xavier Ortoli. L’Europe, quel numéro de téléphone?, Paris, Descartes & Cie.
  5. Basevi G. et al. (1983). Macroeconomic Prospects and Policies for the European Community, Brussels, CEC, Economic Papers, 12, April.
  6. Ciocca P.L. (2004). Il contributo di via Nazionale. In Garofalo and Graziani (eds.)(2004): 579-600.
  7. Coats A.W. (ed.)(1986). Economists in International Agencies, New York, Praeger.
  8. Coats A.W. (ed.)(1996). The Post-1945 Internationalisation of Economics, History of Political Economy, Annual Supplement to Volume 28.
  9. Coats A.W. (ed.)(2000). The Post-1945 Development of Economics in Western Europe, London, Routledge.
  10. Commission of the European Communities (1982). Annual Economic Report, European Economy, 14, November: 5-32.
  11. Commission of the European Communities (1983). Annual Economic Report, European Economy, 18, November: 5-44.
  12. Commission of the European Communities (1984). Annual Economic Report, European Economy, 22, November: 5-54.
  13. Commission of the European Communities (1990). One Market, One Money, European Economy, no. 44, October.
  14. Commission of the European Communities (1995). Green Paper on the Practical Arrangements for the Introduction of the Single Currency, Luxembourg, May.
  15. Delors J. (2004). Mémoires, Paris, Plon.
  16. Delors J. (2011). La pensée et l’action de Tommaso Padoa-Schioppa, Commentaire, N°133.
  17. Dornbusch R. et al. (eds.)(1987). Macroeconomics and Finance. Essays in Honor of Franco Modigliani. Cambridge, Mass., MIT Press.
  18. Dyson K. and K. Featherstone (1999). The Road to Maastricht, Oxford, Oxford University Press.
  19. Garofalo G. and A. Graziani (eds.)(2004). La formazione degli economisti in Italia (1950-1975), Bologna, Il Mulino.
  20. Giavazzi F., S. Micossi and M. Miller (eds.)(1988). The European Monetary System, Cambridge, Cambridge University Press.
  21. Gigliobianco A. (2006). Via Nazionale. Banca d’Italia e classe dirigente. Cento anni di storia, Roma, Donzelli.
  22. Hay R. (1989). The European Commission and the Administration of the Community, European Documentation.
  23. James H. (2012). Making the European Monetary Union. The Role of the Committee of Central Bank Governors and the Origins of the European Central Bank, Cambridge, Mass., The Belknap Press of Harvard University Press.
  24. Layard R. et al. (1984). Report of the CEPS Macroeconomic Policy Group. Europe: The Case for Unsustainable Growth. Brussels, CEC, Economic Papers, 31 April.
  25. Ludlow P. (1982). The Making of the European Monetary System. London, Butterworth.
  26. Ludlow P. (1983). Introduction, in Dornbusch R. et al. (1983), Macroeconomic Prospects and Policies for the European Community. Brussels, CEPS.
  27. Maes I. (1996). The Development of Economic Thought at the European Community Institutions. In Coats (ed.)(1996): 245-276.
  28. Maes I. (1998). Macroeconomic Thought at the European Commission in the 1970s: the First Decade of the Annual Economic Reports of the EEC. Banca Nazionale del Lavoro Quarterly Review, Vol. 207: 387-412.
  29. Maes I. (2000). Macroeconomic Policy-making at the European Commission in the First Half of the 1980s. In Backhouse and Salanti (eds.)(2000): 251-268.
  30. Maes I. (2002). Economic Thought and the Making of European Monetary Union, Cheltenham, Edward Elgar.
  31. Maes I. (2006). The Ascent of the European Commission as an Actor in the Monetary Integration Process in the 1960s, Scottish Journal of Political Economy, Vol. 53, No. 2, May: 222-241.
  32. Maes I. (2007). Half a Century of European Financial Integration. From the Rome Treaty to the 21st Century, Foreword by Ph. Maystadt, Brussels, Mercatorfonds.
  33. Maes I. (2008). The Spread of Keynesian Economics: A Comparison of the Belgian and Italian Experiences (1945-1970), Journal of the History of Economic Thought, Vol. 30, No. 4, December: 491-509.
  34. Malinvaud E. (1977). The Theory of Unemployment Reconsidered. Oxford, Blackwell.
  35. Marjolin R. (1986). Le Travail d’une Vie. Mémoires 1911-1986. Paris, Robert Laffont.
  36. Marris S. (1986). The Role of Economists in the OECD. In Coats (ed.)(1986): 98-114.
  37. Marshall M. (1999). The Bank: The Birth of Europe’s Central Bank and the Rebirth of Europe’s Power, London, Random House.
  38. Modigliani F. and T. Padoa-Schioppa (1978). The Management of an Economy with “100 % or Plus” Wage Indexation. Princeton, Essays in International Finance, 130, December.
  39. Modigliani F. (1999). Avventure di un economista, Roma, Laterza.
  40. Monnet J. (1976). Mémoires, Tome 2, Paris, Fayard.
  41. Mortensen J. (1990). Federalism vs Co-ordination. Brussels, CEPS.
  42. Padoa-Schioppa T. (1982). Capital Mobility: Why is the Treaty Not Implemented?, In Padoa-Schioppa (1994).
  43. Padoa-Schioppa T. (1983a). La Direction générale des Affaires économiques et financières de 1979 à 1983, Commission des Communautés Européennes, Direction Générale des Affaires Économiques et Financières, Le directeur général, 31754, 25 février 1983, Archives Tommaso Padoa-Schioppa.
  44. Padoa-Schioppa T. (1983b). What the EMS has Achieved, The Banker, August, Vol. 8, No 690.
  45. Padoa-Schioppa T. (1985a), Lessons from the European Monetary System. In Padoa-Schioppa (1994).
  46. Padoa-Schioppa T. (1985b). Money, Economic Policy and Europe, The European Perspectives Series, Commission of the European Communities, Brussels.
  47. Padoa-Schioppa T. (1987a). Reshaping Monetary Policy. In Dornbusch et al. (eds.)(1987): 265-285.
  48. Padoa-Schioppa T. (1987b). The ECU’s Coming of Age. In Padoa-Schioppa (1994).
  49. Padoa-Schioppa T. (1988). The EMS: a Long-term View. In Giavazzi, Micossi and Miller (eds.)(1988).
  50. Padoa-Schioppa T. (1994). The Road to Monetary Union in Europe, Oxford, Clarendon Press.
  51. Padoa-Schioppa T. (2010). L’ombre de Bancor: la crise et le désordre monétaire mondial, Exposé à la Fondation internationale Triffin, Louvain-la-Neuve, 25 février.
  52. Padoa-Schioppa T. and F. Papadia (1983). Competing Currencies and Monetary Stability, CEPS Working Documents, N° 2, June.
  53. Padoa-Schioppa T. et al. (1987). Efficiency, Stability, Equity, Oxford, Oxford University Press.
  54. Pechman J. (ed.)(1989). The Role of the Economist in Government. New York, N.Y.U. Press.
  55. Porta P.L. (1996). Italian Economics through the Postwar Years. In Coats (ed.)(1996): 165-183.
  56. Rosanvallon P. (1987). Histoire des Idées Keynésiennes en France, Revue Française de l’Economie, 4, 2: 22-56.
  57. Thygesen N. (2011). TPS and European Integration, Conference in Memory of Tommaso Padoa-Schioppa, Rome, Banca d’Italia, 16 December.
  58. Visco I. (2011). Introductory Remarks, Conference in Memory of Tommaso Padoa-Schioppa, Rome, Banca d’Italia, 16 December.
  59. Wegner M. (1989). The European Economic Community. In Pechman (ed.)(1989): 279-299.

Ivo Maes, in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 2/2013, pp. 21-43, DOI:10.3280/SPE2013-002002

   

FrancoAngeli è membro della Publishers International Linking Association associazione indipendente e no profit per facilitare l'accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche